Trade Report: The Mondi Plc (MNDI) Downgraded by JPMorgan Chase & Co. to Neutral

The Mondi Plc (MNDI) Downgraded by JPMorgan Chase & Co. to Neutral

JPMorgan Chase & Co. downgraded shares of Mondi Plc (LON:MNDI) to a neutral rating in a report released on Friday morning. JPMorgan Chase & Co. currently has GBX 1,740 ($21.53) price objective on the stock, up from their prior price objective of GBX 1,640 ($20.30).

MNDI has been the subject of several other reports. Deutsche Bank AG decreased their target price on shares of Mondi Plc from GBX 1,750 ($21.66) to GBX 1,700 ($21.04) and set a buy rating for the company in a research note on Tuesday, June 28th. Credit Suisse Group AG boosted their target price on shares of Mondi Plc from GBX 1,845 ($22.83) to GBX 1,880 ($23.27) and gave the company an outperform rating in a research note on Friday, August 5th. Citigroup Inc. reiterated a neutral rating and issued a GBX 1,650 ($20.42) target price on shares of Mondi Plc in a research note on Tuesday, August 23rd. Barclays PLC reiterated an equal weight rating and issued a GBX 1,500 ($18.56) target price on shares of Mondi Plc in a research note on Friday, August 5th. Finally, Goodbody reiterated a buy rating on shares of Mondi Plc in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 1,689.44 ($20.91).

Shares of Mondi Plc (LON:MNDI) traded down 0.44% during trading on Friday, hitting GBX 1592.00. 812,073 shares of the company’s stock were exchanged. The company’s market cap is GBX 7.71 billion. The company has a 50-day moving average of GBX 1,611.51 and a 200-day moving average of GBX 1,445.45. Mondi Plc has a 12-month low of GBX 1,108.00 and a 12-month high of GBX 1,702.00.

In other Mondi Plc news, insider Carol Hunt bought 18 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was acquired at an average price of GBX 1,686 ($20.87) per share, with a total value of £303.48 ($375.59).

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